Is Little Rock Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Rock Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Little Rock Township has remained a Seller's Market.

Key Takeaway

Little Rock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Little Rock Township, IL

How much do homes in Little Rock Township, IL cost?

Median Sold Price

$264,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$34,000(+14.8%)

Key Takeaway

Homes in Little Rock Township have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Little Rock Township was $264,000 in September 2024, up 14.8% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $50K$108K
+116.0%
2 $189.9K$235K
+23.7%
3 $237.3K$260K
+9.6%
4 $292.4K$335K
+14.5%
5+ $445K$379K
-14.8%

Summary: Little Rock Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 14.8%.

Median Sold Price Compared To Nearby Cities

Plano
+15.7%
Little Rock Township
+14.8%
Yorkville
+10.7%
Sandwich
+4.5%

Housing Supply in Little Rock Township, IL

How many homes are available in Little Rock Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4648+4.3%

Summary: The Little Rock Township real estate market had 48 homes for sale in September 2024, a 4.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 3027
-10.0%
4 68
+33.3%
5+ 23
+50.0%

Summary: The Little Rock Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Rock Township, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Little Rock Township in September 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Little Rock Township, IL

How long does it take to sell a home in Little Rock Township, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
13 Days24 Days+90.2%

Summary: Homes in Little Rock Township had an average of 24 days on market in Sep 2024, up by 90.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Little Rock Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 11 homes were sold in Little Rock Township; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Little Rock Township, IL

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